July 18, 2022
mayank
ICICI Prudential Technology Fund Guidance
NAV Growth : Rs 134.8300
NAV IDCW : Rs 99.2000
Suitable For Which Investors ?
This is a fund that invests mainly in shares of companies in the information technology sector.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy :
The scheme will seek long term capital appreciation by investing in equity and equity related securities of technology and technology dependent companies. A large share of the AUM will be invested in the stocks under the Benchmark Index, however, the scheme may also invest in other companies which form a part of Information Technology Services Industry.
Fund Manager :
— Vaibhav Dusad
Education : Mr. Dusad has done B.Tech, M.Tech and MBA
Experience : Prior to joining ICICI Prudential AMC Ltd, he has worked with Morgan Stanley, HSBC Global Banking and Markets, CRISIL, Zinnov Mangement Consulting and Citibank Singapore.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 1% for redemption within 15 days |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 22.50% |
| Benchmark: | S&P BSE Teck TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| % Assets: | Rs 8,508 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.71% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
| Turnover: | 73.00% |
ICICI Prudential Technology Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Technology Direct-G | -27.92 | -0.21 | -5.32 | -3.22 | -19.32 | -28 | -6.38 | 29.22 | 26.56 | 18.89 | — |
| S&P BSE IT TRI | -27.56 | -0.17 | -5.75 | -3.82 | -20.92 | -28.69 | -9.29 | 22.36 | 24.21 | 16.66 | — |
| Equity: Sectoral-Technology | -26.39 | -0.09 | -4.85 | -2.45 | -18.12 | -26.5 | -7.26 | 25.61 | 24.39 | 17.29 | — |
| Rank within category | 5 | 5 | 6 | 6 | 4 | 5 | 3 | 1 | 2 | 2 | — |
| Number of funds in category | 5 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 5 | 4 | 0 |
ICICI Prudential Technology Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Technology Fund | Unrated | Jan-13 | -6.38 | 29.22 | 26.56 | 0.71 | 8,508 |
| Tata Digital India Fund | Unrated | Dec-15 | -5.35 | 26.78 | 26.99 | 0.34 | 5,434 |
| Aditya Birla Sun Life Digital India Fund | Unrated | Jan-13 | -8.33 | 27.59 | 25.53 | 0.86 | 2,939 |
| SBI Technology Opportunities Fund | Unrated | Jan-13 | -4.19 | 24.82 | 24.14 | 0.91 | 2,381 |
| Franklin India Technology Fund | Unrated | Jan-13 | -12.06 | 19.67 | 18.75 | 1.46 | 657 |
Portfolio Analysis
| Number of Stocks | 41 |
| Top 10 Stocks (%) | 77.48 |
| Top 5 Stocks (%) | 64.98 |
| Top 3 Sectors (%) | 92.49 |
| Portfolio P/B Ratio | 5.44 |
| Portfolio P/E Ratio | 24.45 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,57,319 | 2,70,250 |
| Giant (%) | 74.72 | 65.94 |
| Large (%) | 11.11 | 17.89 |
| Mid (%) | 8.72 | 13.67 |
| Small (%) | 5.45 | 4.6 |
| Tiny (%) | — | 0.19 |
ICICI Prudential Technology Fund Guidance by Chanakya :
Do not invest in this, or any other technology sector fund, if you need to redeem your investment in less than seven years.
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